Tax Credit Assistance Program (Recovery Act Funded)
Inactive
- Assistance listing
- 14.258
- Agency
-
Assistant Secretary for Community Planning and Development
Department of Housing and Urban Development
- Grant awards
- 52 $2,239,039,348 in federal obligations
Program facts
- Assistance type
-
- Formula Grant
- Eligible applicants
-
- State (includes District of Columbia, public institutions of higher education and hospitals)
- Beneficiaries
-
- Low Income
Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.
About this program
The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development funded capital investment in low-income housing tax credit projects under the Tax Credit Assistance Program (CFDA 14.258), with the most recent grant award disbursed on September 1, 2009 — 17 years ago.
This program is no longer active. The portfolio comprises 52 awards totaling $2.24 billion in federal dollars obligated, concentrated in a single funding cycle: 51 awards in 2008 and one award in 2009. The program distributed formula grants exclusively, allocated geographically across states and jurisdictions. Representative awards include $324.1 million to support tax credit projects in one jurisdiction (October 2008), $252.6 million to another (October 2008), and $148.3 million in a final tranche (September 2009). Award magnitudes ranged from $4.8 million to $324.1 million.
The Tax Credit Assistance Program was Recovery Act funded, establishing it as a time-limited stimulus vehicle deployed during the 2008 financial crisis. No new grant opportunities have been posted; the program concluded its funding cycle nearly two decades ago. Do not pursue funding under this Assistance Listing.
Objective and description
- Objective
Provide additional funding for capital investment in low-income housing tax credit projects.
Grant awards
| Award | Recipient | Federal obligations | Awarded |
|---|---|---|---|
| Tax credit program | Texas Department Of Housing & Community Affairs | $148,354,769 | |
| Tax credit program | Puerto Rico Housing Finance Authority | $44,646,082 | |
| Tax credit program | Wyoming Community Development Authority | $4,846,908 | |
| Tax credit program | — | $35,594,904 | |
| Tax credit program | West Virginia Housing Development Fund | $16,136,287 | |
| Tax credit program | Washington State Housing Finance Commision | $42,643,019 | |
| Tax credit program | Virginia Housing Development Authority | $44,247,749 | |
| Tax credit program | — | $5,416,546 | |
| Tax credit program | — | $11,639,074 | |
| Tax credit program | Tennessee Housing Development Agency | $38,684,467 |
Latest 10 of 52 listed here. See the rest on GovTribe.
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Department Of Transportation New York | $252,659,616 | 11% |
| 2 | Texas Department Of Housing & Community Affairs | $148,354,768 | 7% |
| 3 | State Of Florida | $101,134,952 | 5% |
| 4 | Erie Independence House Inc. | $95,017,224 | 4% |
| 5 | Illinois Housing Development Authority | $94,676,976 | 4% |
| 6 | Ohio Housing Finance Agency | $83,484,544 | 4% |
| 7 | Michigan State Housing Development Authority | $63,974,712 | 3% |
| 8 | New Jersey Housing And Mortgage Finance Agency | $61,243,672 | 3% |
| 9 | Executive Office Of Housing And Livable Communities | $59,146,984 | 3% |
9 of 52 recipients listed here. See the rest on GovTribe.
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2017 | -$21,708 |
| FY2012 | -$4,715,396 |
| FY2011 | $10,188,688 |
| FY2010 | -$16,412,245 |
| FY2009 | $2,250,000,004 |
Quick answers
What is Assistance Listing 14.258?
Assistance Listing 14.258 is Tax Credit Assistance Program (Recovery Act Funded), a federal grant program run by Assistant Secretary for Community Planning and Development (Department of Housing and Urban Development). It is inactive.
What is the CFDA number for Tax Credit Assistance Program (Recovery Act Funded)?
Its CFDA number is 14.258: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 14.258 awarded?
52 grant awards under 14.258 have obligated $2,239,039,348 in federal funds to 52 recipients.
Who receives the most funding from 14.258?
The recipients obligated the most under Tax Credit Assistance Program (Recovery Act Funded) are Department Of Transportation New York ($252,659,616), Texas Department Of Housing & Community Affairs ($148,354,768) and State Of Florida ($101,134,952).
On GovTribe
See this program's full record
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